What Is The Cost To Replace An Electrical Panel?

The cost to upgrade or replace your electrical panel will also vary based on the exact part you need. Below, we’ve listed some of the more common parts you may need to replace.

Meter Box

The electric meter box is located on the outside of your home and serves as a place to house the electric meter. It also reports your electric usage to the electric company. The replacement cost for a meter box ranges from $200 to $500, depending on the number of circuits it serves.

Circuit Breaker Switch

The circuit breaker switch is the small switch that sits inside your home’s electrical panel. This is typically a relatively low-cost replacement, with an average cost of only $150 to $200, including labor and materials.

Subpanels

A subpanel is a smaller electrical panel that sits near the existing unit. It can be used to add amperage to your home’s current electrical system, or it can be wired to supply power to a particular part of your home, like a workshop or even a pool. The cost to install a small subpanel is typically between $500 to $1,000.

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